This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →What must I spend?
$8,000 within 90 days — about $2,667 per month.
Can I get the card?
The minimum credit limit is $10,000. This is the least the bank may let you borrow.
I do not have a minimum income for this card.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
The listed end date has passed: 31 October 2024. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.
Should I keep it after the first year?
Keeping the card costs $300 each year ($300 annual fee) — the first year was $300.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 0.50x Velocity points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $300/yr to you.
$540 in Woolworths gift cards (112,600 of 114,000 Velocity points; 1,400 left over) − $300 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer has ended. I keep this page so you can check the old terms.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
- Gift card prices can change. I check them again at renewal time.
Did this help you make a decision?
Terms and evidence
Full current terms
Offer terms
Signup Bonus
110,000 points
Velocity
Minimum Spend
$8,000
within 90 days (about 3 months)
Offer Expires
October 31, 2024
2 years ago
Ongoing Earn Rate
0.50x points per $1 spent
Fees
First Year Annual Fee
$300
Ongoing Annual Fee
$300
From year 2 onwards
Purchase Interest Rate
21.00% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Offer terms history (2 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 30/04/24 to no expiration, Second Year Annual Fee from 150 to 3003 years ago
- Second Year Annual Fee changed from 300 to 1503 years ago
- Expiration changed from 31/10/23 to 30/04/24, Bonus from 80000 to 100000, Spend For Bonus from 6000 to 80003 years ago
- Expiration from 31/10/23 to 30/04/24, Bonus from 80000 to 100000, Spend For Bonus from 6000 to 80003 years ago
- Offer extended to 31/10/233 years ago
- Offer extended to 25 October 20233 years ago
- Bonus decreased 100k to 80k4 years ago
- Offer extended to 31 January 20234 years ago
Discussion
About these ended terms (published 20 Sep 2024) — not the current offer.
Community and personal tools
Track this card, or suggest a correction. Sign-in required.